Copyright
Klaas Lenaerts, Simone Tagliapietra, and Guntram B. WolffPublished On
2022-12-07Page Range
pp. 97–106Language
- English
7. Europe’s Green Investment Requirements and the Role of Next Generation EU
- Klaas Lenaerts (author)
- Simone Tagliapietra (author)
- Guntram B. Wolff (author)
The EU countries’ priorities on climate and environmental spending, as reflected in the allocations of the Recovery and Resilience funds, are assessed in Chapter 7 by K. Lenaerts, S. Tagliapietra, and G. B. Wolff. The results suggest that the priorities differ significantly. Also, broader estimates of the required investments are provided, and these indicate that annual investments in energy and green tech must increase by 2 percentage points of GDP to reach climate neutrality by 2050, both globally and in Europe. Policies, therefore, must focus on boosting private investment and creating a viable green tech sector.
Contributors
Klaas Lenaerts
(author)Klaas Lenaerts is a Research Analyst at Bruegel. He holds a Master's in Economics from KU Leuven and in European Economic Studies from the College of Europe. Additionally, he spent one semester at Uppsala University. Before joining Bruegel he worked as a trainee on EU enlargement discussions at the Belgian Permanent Representation, and at the European Securities and Markets Authority in Paris, where he contributed to the work of the Risk Analysis and Economics Department on sustainable finance.
Simone Tagliapietra
(author)Simone Tagliapietra is a Researcher at the Faculty of Political and Social Sciences of the Catholic University of the Sacred Heart in Milan. He is also a Senior Fellow at Bruegel and an Adjunct Professor of Global Energy and Climate Policy at the Johns Hopkins University—SAIS Europe in Bologna. He has published in leading scientific and policy journals such as Nature, Science and Foreign Affairs, and he is the author of Global Energy Fundamentals (Cambridge University Press, 2020). His columns and policy work are published and cited in leading international media, such as BBC, CNN, The New York Times, The Financial Times, and The Wall Street Journal. He is Member of the Board of Directors of the Clean Air Task Force in Boston. He holds a PhD in Institutions and Policies from the Catholic University of the Sacred Heart in Milan.
Guntram B. Wolff
(author)Guntram Wolff is a political economist working on the European economy and governance, climate change and geoeconomics. He is the director and CEO of the German Council on Foreign Relations. From 2013–2022, he was the director of Bruegel. He is also a part time professor at the Free University Brussels. His work has been published in academic journals such as Nature, Science, Nature Communications, Energy Policy, and the European Journal of Political Economy and policy outlets such as Foreign Affairs and The Financial Times.